SK Hynix is down 50% from its highs — but today's +3.3% bounce has traders asking: is this the bottom? 🇰🇷📉
At ₩1,472,000, Hynix is closer to its 3-month low (₩1,322,000) than its high (₩2,919,000). That's a brutal drawdown. But the memory chip cycle is turning, and HBM demand from NVIDIA and AMD isn't slowing.
Technical Snapshot:
• Price: ₩1,472,000 (+3.3%)
• Trend: Downtrend (still)
• RSI: 41 (leaning bearish — not yet oversold)
• Volume: 0.64x (declining)
• 50-day MA: ₩2,071,140 (40% above current price!)
Key Levels:
Support: ₩1,495,000 / ₩1,322,000 (3-month low)
Resistance: ₩2,628,000 (distant)
Reality check: One green day doesn't reverse a 50% decline. This could be a dead cat bounce OR the first sign of accumulation. Watch for volume confirmation and a break above ₩1,500,000.
Would you buy Hynix here or wait for ₩1,322,000? 🤔
#SKHynix #Semiconductors #DYOR
⚠️ Not financial advice. Always DYOR and manage your risk.
At ₩1,472,000, Hynix is closer to its 3-month low (₩1,322,000) than its high (₩2,919,000). That's a brutal drawdown. But the memory chip cycle is turning, and HBM demand from NVIDIA and AMD isn't slowing.
Technical Snapshot:
• Price: ₩1,472,000 (+3.3%)
• Trend: Downtrend (still)
• RSI: 41 (leaning bearish — not yet oversold)
• Volume: 0.64x (declining)
• 50-day MA: ₩2,071,140 (40% above current price!)
Key Levels:
Support: ₩1,495,000 / ₩1,322,000 (3-month low)
Resistance: ₩2,628,000 (distant)
Reality check: One green day doesn't reverse a 50% decline. This could be a dead cat bounce OR the first sign of accumulation. Watch for volume confirmation and a break above ₩1,500,000.
Would you buy Hynix here or wait for ₩1,322,000? 🤔
#SKHynix #Semiconductors #DYOR
⚠️ Not financial advice. Always DYOR and manage your risk.